California Public Employees Retirement System lifted its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 8.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,097 shares of the financial services provider’s stock after purchasing an additional 5,897 shares during the period. California Public Employees Retirement System owned approximately 0.23% of Employers worth $3,413,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Employers during the second quarter worth $295,000. Royal Bank of Canada raised its position in shares of Employers by 84.3% during the second quarter. Royal Bank of Canada now owns 18,801 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 8,602 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Employers by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,469,965 shares of the financial services provider’s stock worth $112,260,000 after purchasing an additional 27,384 shares during the period. Russell Investments Group Ltd. raised its position in shares of Employers by 40.9% during the third quarter. Russell Investments Group Ltd. now owns 54,133 shares of the financial services provider’s stock worth $2,461,000 after purchasing an additional 15,715 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Employers during the third quarter worth $374,000. 77.72% of the stock is currently owned by institutional investors.
Shares of Employers Holdings, Inc. (NYSE EIG) traded down $1.50 during mid-day trading on Monday, hitting $41.50. The stock had a trading volume of 153,506 shares, compared to its average volume of 115,404. Employers Holdings, Inc. has a twelve month low of $35.60 and a twelve month high of $50.45. The stock has a market capitalization of $1,350.00, a P/E ratio of 12.97 and a beta of 1.05.
In other Employers news, CEO Douglas D. Dirks sold 58,300 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $49.55, for a total value of $2,888,765.00. Following the transaction, the chief executive officer now owns 331,145 shares in the company, valued at $16,408,234.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John P. Nelson sold 12,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $46.79, for a total value of $561,480.00. Following the completion of the transaction, the executive vice president now owns 25,977 shares in the company, valued at approximately $1,215,463.83. The disclosure for this sale can be found here. Insiders have sold 91,204 shares of company stock worth $4,381,909 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on the company. ValuEngine lowered Employers from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised Employers from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Monday, October 30th. Finally, SunTrust Banks reiterated a “buy” rating and set a $53.00 price target on shares of Employers in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.
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Employers Company Profile
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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